Step 1: Know when you're ready to buy

Take home tip: "Plan for the house you can afford now, not later!"

Knowing when you're ready, also known as the first step of the home buying process - is something I always push to every home buyer. If buyers bought when "they" were ready instead of when the media - or agents - say they should, we wouldn't have had a housing meltdown in the first place. Rates will rise or fall, but ultimately you should feel comfortable financially before you buy a house. It's a commitment!

I love the below video by realtor.com that details a few common questions to ask yourself before deciding whether or not you're ready to buy. Just watch the video and let me know what you think!